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| The Pub For General Automotive Related Talk |
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11-07-2010, 03:57 PM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 723
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Hello, I have a quick query. Can you trade in a vehicle which is less expensive than your current car i.e. will a dealer pay you the difference?
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11-07-2010, 04:07 PM
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BF XR6
Join Date: Mar 2007
Location: Western Australia
Posts: 1,809
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i guess if the dealer agrees your current car is worth more then what your trading on.
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BA Falcon XR6 [JS92WA]in Winter White, 6 Speed ZF - BF Tail Lights, Pacemaker Twin 2.5" catback DBA Gold Series Rotors, 5% tint >>ITS BACK - The REBUILD IS ON, BF 2 Ghia 3v V8 5.4L, Full Fairmont Ghia Interior with FPV GTP seats,Boss Bonnet,BF Front End, DJR 302 Rear Wing, BF steering Column with BF ignition and FG keys, << 2010 FG Falcon XR6 [XRLNT] in Lightning Strike, 6 Speed Auto - 15% Tint, Ipod, Bluetooth, Climate Control, custom plates, DJR 302 Wing |
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11-07-2010, 04:09 PM
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Getahaircutandgetarealjob
Join Date: Jul 2007
Location: Newcastle area, NSW
Posts: 123
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As in trade your Falcon, worth $15,000, on a Camry worth $8,000? Is that what you mean?
Yes you can, but the dealer will give you the Red Book trade in valuation and not what it's worth. Or if the sticker price on the Camry is less than the Red Book value, you'll likely get a straight swap.
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11-07-2010, 04:13 PM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 723
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The example is a g6e turbo on say a focus, where there would be a decent gap.
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11-07-2010, 04:31 PM
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FF.Com.Au Hardcore
Join Date: Jan 2005
Posts: 786
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I can see it being possible, but not where you would be the one to come out on top so to speak. A dealer would see this an opportunity to sell you a car at full retail and then to negate their own expenses back on you.
This could be a potentially disastrous situation if finance were involved, where you wont have enough security left over to cover the next vehicle. IMHO you are better off selling privately, and then going to a dealer if necessary to purchase another car. |
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11-07-2010, 05:24 PM
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FF.Com.Au Hardcore
Join Date: Aug 2006
Location: Newcastle
Posts: 1,061
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yes it is possible. i have done it once before. the car i was trying to sell was a dud and i was losing money on it so i cut my losses and traded on something cheaper.
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11-07-2010, 06:33 PM
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FF.Com.Au Hardcore
Join Date: Sep 2005
Posts: 1,381
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Yes it is done quite often. But dealers aren't dumb & will fairly quickly realize that it's usually being done for financial reasons & screw you on the deal.
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11-07-2010, 08:37 PM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,928
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Yeh they will screw you... They do it all the time.. with the prices of new G6ETs dont expect to get much more then 32 - 34 kay for a used low km one now.
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11-07-2010, 08:56 PM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 723
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Cool thanks for the advice. Redbook still has the trade in at $34,900 - $38,800 which I would expect given the ks. It's pretty close to the payout figure and I am trying to avoid the private sale as it can be a pain in the **** to do with a car like this (test pilots). New ones are still 55k drive away.
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Query regarding trade in
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